Prairie Operating (NASDAQ:PROP) Major Shareholder Nominees Pty Ltd Atf Narrogal Acquires 168,897 Shares

Prairie Operating Co. (NASDAQ:PROP) major shareholder Nominees Pty Ltd Atf Narrogal bought 168,897 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was bought at an average cost of $1.75 per share, with a total value of $295,569.75. Following the transaction, the insider directly owned 12,407,974 shares of the company’s stock, valued at approximately $21,713,954.50. This trade represents a 1.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Nominees Pty Ltd Atf Narrogal also recently made the following trade(s):

• On Friday, November 21st, Nominees Pty Ltd Atf Narrogal bought 236,977 shares of Prairie Operating stock. The stock was bought at an average price of $1.69 per share, with a total value of $400,491.13.
• On Thursday, November 20th, Nominees Pty Ltd Atf Narrogal purchased 800,000 shares of Prairie Operating stock. The shares were bought at an average cost of $1.71 per share, for a total transaction of $1,368,000.00.
• On Wednesday, November 19th, Nominees Pty Ltd Atf Narrogal purchased 199,271 shares of Prairie Operating stock. The stock was bought at an average price of $1.72 per share, with a total value of $342,746.12.
• On Tuesday, November 18th, Nominees Pty Ltd Atf Narrogal acquired 131,814 shares of Prairie Operating stock. The stock was purchased at an average cost of $1.75 per share, with a total value of $230,674.50.
• On Friday, November 14th, Nominees Pty Ltd Atf Narrogal acquired 199,463 shares of Prairie Operating stock. The shares were purchased at an average price of $1.73 per share, for a total transaction of $345,070.99.

Prairie Operating Stock Down 2.0%

Shares of NASDAQ PROP traded down $0.04 during trading on Monday, reaching $1.72. 368,596 shares of the stock were exchanged, compared to its average volume of 1,186,159. The company has a market capitalization of $102.30 million, a price-to-earnings ratio of -0.53 and a beta of 2.07. The business’s 50-day moving average price is $1.90 and its 200 day moving average price is $2.86. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 4.11. Prairie Operating Co. has a twelve month low of $1.64 and a twelve month high of $10.58.

Institutional Investors Weigh In On Prairie Operating

A number of institutional investors have recently made changes to their positions in PROP. Hodges Capital Management Inc. bought a new position in Prairie Operating during the first quarter worth $2,943,000. Bank of New York Mellon Corp increased its stake in Prairie Operating by 30.6% during the first quarter. Bank of New York Mellon Corp now owns 14,741 shares of the company’s stock valued at $79,000 after purchasing an additional 3,453 shares during the last quarter. Wellington Management Group LLP bought a new stake in Prairie Operating during the first quarter valued at $97,000. Brave Asset Management Inc. acquired a new stake in shares of Prairie Operating during the second quarter worth $60,000. Finally, Moss Adams Wealth Advisors LLC bought a new position in shares of Prairie Operating in the 2nd quarter worth about $51,000. 34.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on PROP. Wall Street Zen upgraded Prairie Operating from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Prairie Operating in a report on Tuesday, October 14th. Finally, Piper Sandler cut their target price on Prairie Operating to $2.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 21st. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.75.

Prairie Operating Company Profile

Prairie Operating Co, an independent energy company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company holds assets in the Denver-Julesburg Basin in Colorado; and the Niobrara and Codell formations. Prairie Operating Co is based in Houston Texas.